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    <title>2004 (1) TMI 377 - Supreme Court</title>
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    <description>Section 69(3) of the Indian Partnership Act does not bar a section 9 application under the Arbitration and Conciliation Act by a person claiming as a partner of an unregistered firm, because section 9 seeks statutory interim protection to preserve the subject-matter of arbitration rather than enforce the underlying contractual right. The arbitration clause is treated as a separate agreement for that purpose. The interim receivership arrangement was also modified: the business was allowed to continue under the existing management as receivers, but subject to safeguards for accounts, sale proceeds, inspection, and supervision to protect the excluded partners pending arbitration.</description>
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    <pubDate>Fri, 09 Jan 2004 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=109328</link>
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